Financing for a fast-growing overstock product wholesaler
Kokkuvõte
The Company was established in 2015 and since 2018 it is operating in the wholesale field – it is purchasing returned or overstock products from Amazon and reselling them on online Estonian marketplaces. To increase its operations and be able to execute a larger purchase from Amazon, the Company is looking for a working capital loan of EUR 20,870 for 12 months. The loan will carry a 7.2% annual interest rate (0.6% monthly) with a monthly amortization schedule. The loan is fully secured with a guarantee from the European Investment Fund as well as a personal guarantee from the owner. There is a number of factors that make investment in the Company an attractive opportunity and the main highlights are the following:
- The loan is fully secured with European Investment Fund guarantee and owner’s personal guarantee;
- The Company has a strong equity-to-assets ratio of 84%;
- The profitability of the Company is steadily increasing.